The Rise of '15-Minute Cities': A Game-Changer for Rentals?

Imagine living in a city where everything you need—work, groceries, schools, and entertainment—is just a 15-minute walk or bike ride away. Sounds ideal, right? But as this urban planning trend gains traction, it’s raising big questions about what it means for renters, landlords, and investors.

What Are '15-Minute Cities'?

The concept is simple: create neighborhoods where residents can access all essential services within 15 minutes. It’s about convenience, sustainability, and reducing our reliance on cars. But here’s the flip side—centralized living drives up demand, and with it, rental prices.

Higher Demand, Higher Rents

As more people flock to these walkable, amenity-rich areas, rental prices are skyrocketing. For landlords, this is an opportunity to capitalize on premium locations. For tenants, it’s a reminder that convenience often comes at a cost.

Boost for Local Businesses

15-minute cities are breathing new life into local businesses. Vibrant neighborhoods filled with cafes, shops, and services attract renters who value community and accessibility. For landlords, properties near these hubs are becoming hot commodities.

What About New Brunswick?

Could the 15-minute city concept work here? While New Brunswick may not have the same urban density as major cities, the idea of creating more walkable, self-sufficient neighborhoods is worth exploring.

The Bottom Line

15-minute cities are reshaping how we think about housing and community. For landlords, it’s a chance to invest in properties that align with this trend. For tenants, it’s about balancing convenience with affordability.

What’s your take? Would you pay more to live in a 15-minute city? Let’s hear your thoughts in the comments!